The Bitcoin treasury playbook is losing its punch as these companies watch their share prices tumble back to earth. The number of Bitcoin (BTC) treasury firms keeps on climbing, but announcing a BTC strategy is no longer a guaranteed way to pump a company’s share price. The model was pioneered by Strategy (formerly MicroStrategy), now the world’s largest publicly traded corporate holder with 632,457 BTC at the time of writing. Since its first purchase in August 2020, Strategy’s stock has risen more than 2,200%. As of Friday, Aug. 29, 2025, 161 publicly traded companies each hold more than 1 BTC, according to BitcoinTreasuries.net. Together, they hold 989,926 BTC — about 4.7% of Bitcoin’s supply. Read more
Ethereum Foundation researchers said interoperability is the top near-term UX priority, with focus on intent-based architecture, speed and unifying standards. Ethereum Foundation researchers have highlighted that interoperability is the top near-term priority for Ethereum development. The researchers wrote in a Friday blog post that “we see interoperability, and related projects presented in this note, as the highest leverage opportunity” within the user experience domain in the next six to 12 months. The near-term strategy focuses on intent-based architecture and general message-passing. In other words, the focus is on allowing users to express outcomes (or “intents”) while the network handles the low-level transactions, and upgrading the crosschain “pipes” (message-passing infrastructure) so that those intents execute smoothly across layer-1 and rollups. The Ethereum Foundation states that it will optimize for specific metrics, including time-to-inclusion, confirmation/finality, layer-2 settlement, and sign...